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...Recovering the missing cash would be the “decisive factor” in repaying creditors, the administrator’s report added. SDS’s administrator has now recommended its assets be placed into a trust....
...The administrators’ case against other defendants, including the firm’s former chief executive Michael “Andy” Thomson, is ongoing and proceedings are scheduled to continue next week....
...The administrator expects to recover none of the money, according to Signa Development’s insolvency filing....
...“These changes make it harder for shareholders to mount a legal challenge if they disagree with the special administrator,” he added....
...“Any funds available for distribution in an insolvent company will be paid out by the administrators in accordance with the statutory order of priority for creditor payments,” he said....
...Greensill Bank’s administrator, ArcelorMittal and Trafigura declined to comment....
...Fashion retailer Ted Baker has formally appointed administrators, putting almost 1,000 jobs at risk....
...Administrators at FRP Advisory said on Tuesday they expected more than half of the store network to remain open after it restructures the business....
...The Body Shop has appointed administrators for its UK arm, weeks after its new private equity owners took control of the business in a £207mn deal....
...UK private equity group Cinven is set to acquire a majority stake in fund administrator Alter Domus from Permira, according to people familiar with the matter, in a deal that highlights rising interest from...
...The intention to appoint administrators notice is meant to prevent creditors such as suppliers or landlords from claiming any money for 10 days before a formal appointment of administrators is made....
...The business was ultimately acquired by Apex Group, another fund administrator....
...The Body Shop’s new European private equity owners are set to call in administrators for its UK business only weeks after the retailer changed hands in a £207mn deal....
...The Body Shop has appointed administrators for its UK arm, three months after its new private equity owners took control of the business in a £207mn deal....
...“The restructuring administrator and the expert consulted by him are conducting the related sales negotiations or are fully involved in them,” said Stapf....
...FTX is on track to repay its customers up to two-fifths more than the initial value of their claims as administrators for the collapsed exchange capitalise on surging prices of cryptocurrency and artificial...
...The news comes a week after private equity owners Aurelius appointed administrators at FRP Advisory to radically slim down the business....
...Administrators at René Benko’s collapsed European property empire are seeking €350mn from investors to forestall a painful fire sale of assets in the coming weeks....
...They both owe many billions of euros more, with even less secure collateral, according to their own administrators....
...The administrator for the company at the centre of René Benko’s property empire has sacked the party planners, receptionists, hunters and private jet crew that together made up most of its staff, a court...
...“The joint administrators will continue to assess the appropriate structure for the business as sale discussions progress,” said Teneo in a statement....
...Discount retailer B&M has agreed to buy 51 of rival Wilko’s 400 stores for £13mn from the administrators, as the fate of the rest of the British high-street chain remains uncertain....
...Signa Holding is in negotiations to sell half of New York’s Chrysler Building to urgently raise cash, the collapsed European property company’s administrator has said, as he warned of a protracted and financially...
...It has also led to calls for reform of the rules on administrators’ fees....
...Wilko, the UK discount retailer, has been unable to find a buyer amid “mounting” pressures and has filed to appoint administrators, giving itself 10 working days to do so unless it finds an alternative....
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